Market Forecast

[koshyssj]

Market Forecast for 23.04.07

Finally the market came out for the grips of bears and the bulls are now in full charge. They are very confident to ride the rally and the target of 4145 or 4220 is not a distant dream now. One may note that the Indian markets are now reacting more on global cues rather than Indian conditions or technical levels. If the bears has to take grip, they have to succeed in dipping the index below 4011 on a closing basis.

Market will open flat or gap up by around 15-45 points and and if it remains above 4055+ keep long with SL of 4045 for 4115-4150 and if it breaks and remains below 4050 go short with SL 4070 for a downward target of 4020- 3995. Since the market is in a bull phase, i advise all investors to actively participate in the rally by doing intra day trade only and request them to kindly avoid long positions at this higher levels. HAPPY AND SAFE TRADING

 

[rajeshrao1]

Re: Market Forecast for 23.04.07

Finally the market came out for the grips of bears and the bulls are now in full charge. They are very confident to ride the rally and the target of 4145 or 4220 is not a distant dream now. One may note that the Indian markets are now reacting more on global cues rather than Indian conditions or technical levels. If the bears has to take grip, they have to succeed in dipping the index below 4011 on a closing basis.

Market will open flat or gap up by around 15-45 points and and if it remains above 4055+ keep long with SL of 4045 for 4115-4150 and if it breaks and remains below 4050 go short with SL 4070 for a downward target of 4020- 3995. Since the market is in a bull phase, i advise all investors to actively participate in the rally by doing intra day trade only and request them to kindly avoid long positions at this higher levels. HAPPY AND SAFE TRADING

Have you considered CPI Gen secretory Bardan's statement that Left has to review its support to Govt? On 14th May 2004, Bardan made similar statement and the market hit 15% down circuit. Expect a black Monday tomorrow.

But, I think the uptrend would continue in the medium term

 

[sbalram]

The statement of Mr Bardan, Gen Secy, CPI has already been countered by Mr. Jyoti Basu who has mentioned "Left will not rock the boat".

 

[koshyssj]

Re: Market Forecast for 23.04.07

Have you considered CPI Gen secretory Bardan's statement that Left has to review its support to Govt? On 14th May 2004, Bardan made similar statement and the market hit 15% down circuit. Expect a black Monday tomorrow.

But, I think the uptrend would continue in the medium term

thanks rajesh, for the comment. but i strongly beleive that this time bardan's statement will not have any impact on the indian markets.. let us hope for the best tommorrow....
koshy

 

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[koshyssj]

Market Forecast for 24.04.07

The market remained volatile with negative bias due to the fear of increase in CRR and profit booking at higher levels. Technically the bears cannot do any thing if the market closes above 4011. If the RBI announces credit policy above the market expectation of 25 basic points, then the bears will take hold of the situation and a down slide of 50-100 points can be seen and the bulls will be rested for some time.

Tomorrow, the market may open flat or positive and if it remains above 4045+ keep long with SL of 4011 for 4115-4150 and if it breaks and remains below 4040 go short with SL 4070 for a downward target of 4020- 3995. I advise all traders to kindly book profits in all longs or at least put strict stop losses as the market is very sensitive. Also, it is advised to stay away from the market till the announcement of credit policy and then trade according to the mood of the market. risky traders can do their trades as usual and enjoy the roller coaster ride... SAFE INVESTING

 

[koshyssj]

Market Forecast for 25.04.07

Today the market remained volatile and the unchanged CRR announcement by the RBI made the bulls happy and more upside can be seen in the days to come. But the bears will try to pull the market down and if the market closes below 4145 in coming days, then expect a short bear run. Another factor to be noted is that the F & O expiry falls in this week and if the nifty future closes below 4045, then also bears can have a smile on their face....

Tommorrow, markets will open flat or negative with high volatility and and if it remains above 4125+ keep long with SL of 4110 for 4185-4205 and if it breaks and remains below 4120 go short with SL 4145 for a downward target of 4075- 4025. All traders, enjoy and make money in the market...... Adopt safe trading policy.....

 

[koshyssj]

Market Forecast for 26.04.07

The market behaved exactly as per my expectations.. I've told that the market will open flat or negative and exactly the same happened.. The tech & metal sectors are looking weak for the time being... i would rather suggest every trader to book profits and reduce long positions. If the present uptrend fails to produce a new all time high, we might be in for a good correction. Also, watch out for the 4177-4185 resistance zone tomorrow and if nifty manages to cross this zone with ease, one can expect a cross over of 4245 in the near future...

Tomorrow, markets will open flat or positve with high volatility due to F& O expiry and and if it remains above 4155+ keep long with SL of 4135 for a target of 4185-4205 and if it breaks and remains below 4150 go short with SL 4170 for a downward target of 4140- 4075. All traders, enjoy and make money in the market...... Adopt safe trading policy.....

 

[RAMDAS]

Re: Market Forecast for 26.04.07

Thanks koshyssj,

Word of appreciation..
Best thread and Post's
This is the thread we read everyday.
We don't post, since we are interested in your post.

Best Regards
Ramdas

 

[uasish]

Ramdas,

You r very right .Amazing consistency in koshyssj,i read this everyday.

Asish